For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

State general member coverage plan 3; amount of pension; form of payment A

NMSA 1978, § 10-11-26.3
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
10-11-26.3. State general member coverage plan 3; amount of pension; form of payment A Under state general member coverage plan 3: A. for a member with age and service requirements provided under Paragraph (1) or (3) of Subsection A of Section 10-11-26.2 NMSA 1978, the amount of pension under form of payment A is equal to three percent of final average salary multiplied by service credit. The amount shall not exceed one hundred percent of the final average salary; and B. for a member with age and service requirements provided under Paragraph (2) or (4) of Subsection A of Section 10-11-26.2 NMSA 1978, the amount of pension under form of payment A is equal to two and one-half percent of the final average salary multiplied by service credit. The amount shall not exceed one hundred percent of the final average salary. Laws 1994, ch. 128, § 4; 2013, ch. 225, § 11; 2023, ch. 53, § 1; 2026, ch. 14, § 6.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18510/index.do#!b/10-11-26.3Fetched: 10/20/2026

Starting a business in New Mexico? New Mexico LLC guide: costs and requirements